Yield Monitor Market are the recent developments in the agricultural sector that allow farmers to assess the effects of weather, soil properties, fertilizers, and pesticides on yield production. Yield monitoring is considered to be the first step to implement site-specific crop management or precision farming. Yield Monitor Market are intended to provide farmers with an accurate assessment of the yield variation within the field, by producing the yield map of the field. The process of continuously recording the grain flow with the help of monitoring device, combined with the harvester while at the same time integrating with the actual harvest position in the field, is known as yield mapping. The yield and position data is stored and used to generate the yield map of the field.

Energy and cost saving, increased profitability, and enhancement in the yield are the major driving factors for the Yield Monitor Market. Additionally, the increasing demand for food due to rapidly increasing population enables farmers to opt for advanced technologies in agriculture to enhance the yield production. The report on yield monitoring devices and services market analyzes the yield monitoring supply chain, giving a very clear insight of all major segments and supported segments to the market. The Yield Monitor Market is segmented based on different hardware components and software services, processes, technologies, applications, and geography. This report also analyzes the market trends in the yield monitoring devices and services market, market dynamics such as market drivers, restraints, and opportunities along with the industrys burning issues and winning imperatives.

The total market size of yield monitor is expected to grow at a CAGR of 7.17% from 2014 to 2020 and reach $2.51 billion by 2020. The report analyzes the yield monitor supply chain, giving a very clear insight of all major segments and supported segments to the industry. The report also provides a detailed scrutiny of Porters five force analysis for the market. All five major factors in these segments have been quantified using internal key parameters governing each of them.

The geographic segmentation of the report covers the four major regions of the world, namely North America, Europe, Asia-Pacific, and Rest of the World (ROW). The report also includes the company profiles of leading players in the field of yield monitor with their recent developments and other strategic business activities. The competitive landscape section of the report entails key growth strategies and detailed market share analysis of the key industry players. Major companies in this market are Ag Leader Technology (U.S.), Deere & Company (U.S.), Precision Planting Inc. (U.S.), Raven Industries Inc. (U.S.), AgJunction Inc. (U.S.), AGCO Corporation (U.S.), Trimble Navigation Limited (U.S.), Case IH (U.S.), TeeJet Technologies (U.S.), and Topcon Precision Agriculture (U.S.).

Scope of the Report

This research report categorizes the Yield Monitor Market on the basis of technologies, components, applications, and geography. Projections in terms of value from 2014 to 2020 for the overall market and its sub segments have been covered in this report.

Market by Technology

The Yield Monitor Market is segmented on the basis of technologies such as guidance systems and remote sensing. Guidance systems are further segmented into GPS (Global Positioning Systems) and GIS (Global Information Systems). Remote sensing is further segmented into hand-held and satellite based sensing.

Market by Component

This market is segmented on the basis of hardware components and software solutions; hardware components comprise sensors, GPS/GNSS devices, display devices, and guidance and steering. The software solutions include yield data management software, and consulting and training services.

The yield monitor market, coupled with the Global Positioning System (GPS) technology, is an electronic tool that collects data on crop performance for a particular year. The monitor computes and records information such as grain flow, grain moisture, area covered, and global location. Yield monitoring devices produce the yield map of the field in order to provide farmers with an accurate assessment of the yield variation within the field. Knowledge of the variability of yield at the harvest can be used in two important ways. It enables farmers to make more informed management decisions regarding the succeeding crop. It can provide a basis for varying fertilizer application according to a defined strategy. Yield Monitor Market involve increasing the yield efficiency that can be done by understanding, analyzing, and dealing with the natural variability found within the field. The yield monitor is an advanced tool for collecting data and presenting what actually took place in a field.

Yield monitoring technologies have geographically been unevenly adopted. The adoption rate of Yield Monitor Market is high in regions where labor is limited, land is abundant, and commodity prices are high. The total yield monitoring market has been divided into five major geographies: North America, South America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). Yield monitoring devices and services are observed to be in the matured phase in the U.S. market; this market is expected to see upgrades in the existing systems, along with the adoption of variable rate applicators driving the market growth.

New developments in the agro industry will also enhance the demand for Yield Monitor Market. One of the largest applications of yield monitoring devices and services is the variable rate technology; due to its high adoption rate and multiple applications, it is expected to drive the industry growth in the coming years. In addition to this, the U.S. Government and universities are also providing support to adopt this technology to obtain high yields.

This report covers important driving and restraining factors for this Yield Monitor Market. Encouraging government legislations and policies for adopting yield monitoring techniques, the growing food demand, crop health, energy and cost savings, and the growing agro industry act as driving factors for this industry. However, there are also a few obstacles in the growth of the yield monitoring market, including high initial installation costs, lack of technical knowledge among growers, and lack of experts in the field.

The worldwide market for Yield Monitor is segmented into North America, South America, Europe, APAC, and RoW. APAC is the leading region in this market in terms of the growth rate, due to factors such as helpful government policies, growing demand for food due to increasing population, and the developing economies. However, North America, which is another vital market, is expected to exhibit a significant growth in the coming years.

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